Repo Homes for Sale Dominate the Market in Alabama

The growing foreclosure crisis in the country has spread to the Alabama county of Tuscaloosa where repo homes for sale dominate the housing market, according to a study conducted by sociologist Bronwen Lichtenstein, associated professors at the University of Alabama’s criminal justice department.

Lichtenstein, who studied the foreclosure trend in the county and statewide since February 2008, said that foreclosure appears to be worsening. Data compiled showed that local foreclosure activity continues to increase and affected modestly priced houses.

She said that she was surprised to learn that the foreclosure problem has disproportionately affected poor and middle-income homeowners. What is happening in the Tuscaloosa county is in contrast with other parts of the country where foreclosure spared wealthy homeowners.

By Cassiano Travareli